Abakkus Receives SEBI Approval to Launch Mutual Fund Business

MUMBAI, India – August 29, 2025 – Abakkus Asset Manager Private Limited (Abakkus) today announced that it has received final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under the name “Abakkus Mutual Fund”. This milestone approval enables the firm, a leading player in the alternates space and renowned for its alpha-focused investment approach in Indian equities, to extend its disciplined investment philosophy to a wider investor base across India. 

Since its inception in 2018, Abakkus has built a strong reputation through its Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), managing approximately ₹37,900 Crores (as on July 31, 2025). Besides having products investing in listed Indian equities, Abakkus has also been very active in the private equity space. It has established a strong track record of generating alpha through a blend of rigorous fundamental research and a proprietary MEETS framework that emphasizes business sustainability and disciplined processes. The firm's entry into the mutual fund space is a significant milestone, aiming to make its research-driven, high-conviction investment strategies accessible to a wider investor base.  

"We are immensely grateful to SEBI for placing their trust in us. This is a pivotal moment for Abakkus," said Sunil Singhania, Founder of Abakkus. "Our goal is to bring the same rigor, discipline, and alpha-generating focus that have defined our PMS and AIF offerings to the mutual fund arena. We believe there is a significant opportunity to create long-term wealth for retail investors by adhering to our core philosophy of identifying quality companies with strong growth potential. We are excited to empower and serve millions of investors to participate in India's growth story. We have put together a great and experienced team to lead the effort of becoming a relevant player in the Indian Mutual Fund space over the next few years." 

Leveraging the firm’s deep research capabilities and disciplined investment frameworks, the newly established Abakkus Investment Managers Private Limited (Abakkus AMC) will introduce actively managed mutual fund schemes. The AMC’s offerings will endeavour to create long term wealth by combining fundamental analysis, strict adherence to risk management, and clear communication to investors. The fund house is committed to upholding the highest standards of transparency, investor education, and client service. 

"Our entry into the mutual fund space is built on the same foundation that has defined Abakkus from day one: operational excellence, a client-centric approach, and an unwavering commitment to the highest standards of compliance and governance. We are dedicated to providing a seamless and trustworthy experience for all our investors." added Biharilal Deora, Director of Abakkus Asset Manager Private Limited. "To bring our investment philosophy to a wider audience, we are significantly enhancing our digital infrastructure. By leveraging technology, we aim to democratize wealth creation opportunities, making our products accessible to investors in every corner of India and ensuring a smooth, digital-first experience."

Abakkus enters the Indian Mutual Fund industry at a time of robust growth for the industry. With Assets Under Management (AUM) reaching ₹75 lakh crores (~$860 billion) as of July 2025, a more than six-fold increase over the past decade, the industry is witnessing increasing participation from investors.  

Sanjay Doshi, Head of Equities and Research at Abakkus AMC, added, “Mutual funds are a preferred pooled vehicle for retail investors, offering the crucial benefits of diversification and professional management that are often hard to achieve individually. At Abakkus AMC, our alpha-focused, research-intensive approach is a match for this structure. By packaging our core 'growth in value' philosophy into mutual fund schemes, we are not just offering a product, but a disciplined and robust investment process designed to generate long-term wealth for investors across the country.”

The firm looks forward to launching its initial suite of actively managed equity mutual fund schemes in the coming months, with plans to strategically expand its offerings to include debt, hybrid, and multi-asset solutions in the future.

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About:

Abakkus Asset Manager Private Limited (formerly known as Abakkus Asset Manager LLP) (“Abakkus”) is registered as a Portfolio Manager with SEBI under SEBI (Portfolio Managers) Regulations, 2020 vide SEBI Reg. No.: INP000006457 dated March 14, 2019 and as an Investment Advisor under SEBI (Investment Advisors) Regulations, 2013 vide SEBI Reg. No.: INA000015729 dated February 03, 2021. Abakkus is also the Investment Manager to Abakkus Growth Fund, a SEBI registered Category III AIF vide SEBI Reg. No.: IN/AIF3/18- 19/0550 dated June 05, 2018, India-Ahead Venture Trust, a SEBI registered Category I AIF vide SEBI Reg. No.: IN/AIF1/21-22/0976 dated January 25, 2022, India-Ahead Private Equity Trust, a SEBI registered Category II AIF vide SEBI Reg. No.: IN/AIF2/21-22/0980 dated January 27, 2022 and Abakkus India Equity Trust, a SEBI registered Category III AIF vide SEBI Reg. No.: IN/AIF3/23-24/1326 dated August 9, 2023 under SEBI (Alternative Investment Fund) Regulations, 2012 collectively referred as the SEBI Registered Intermediary. The branch office of Abakkus situated at IFSC-GIFT City is registered with the IFSCA as Registered FME (Non-retail) (IFSCA/FME/II/2022-23/041) under IFSCA (Fund Management) Regulations, 2022. Abakkus Asset Manager Private Limited is the Sponsor to Abakkus Mutual Fund. You can visit AAMPL's website here: www.abakkusinvest.com

Abakkus Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) as per the terms of the deed of trust dated 28th May 2025 with Abakkus Asset Manager Private Limited as the Sponsor and Abakkus Trustee Private Limited as the Trustee. The Trust has been registered under the Indian Registration Act, 1908. Abakkus Mutual Fund is registered with SEBI vide SEBI Reg. No.: MF/088/25/14 dated 29/08/2025.

Abakkus Investment Managers Private Limited (”AIMPL / AMC”) bearing CIN: U66301MH2025PTC446708 is a wholly owned subsidiary of AAMPL and acts as the Asset Management Company to Abakkus Mutual Fund. It shall be responsible for overall operation of the fund, including investment strategies, portfolio construction and investor services.

Disclaimer:

The information contained in this press release is for general informational purposes only and is not intended to be an offer or solicitation for the purchase or sale of any financial instrument or security. The views expressed herein are the personal views of the individuals quoted and do not constitute investment advice. Past performance may or may not be sustained in the future. Neither the AMC, Trustee Company, Sponsor or its affiliates nor any person connected with them shall accept any liability arising from the use of this document. Investors are advised to read all scheme related documents carefully before investing. Investment in mutual funds involves risks, including the possible loss of principal.

Mutual fund investments are subject to market risks, read all scheme related documents carefully.